XOM - Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report | Benzinga
The U.S. Federal Trade Commission reportedly plans to delay its decision on Chevron Corporation (NYSE:CVX) and Hess Corporation (NYSE:HES) merger until after the settlement of an arbitration case with Exxon Mobil Corporation (NYSE:XOM).
The arbitration case with Exxon, claiming a right of first refusal over Hess’s main asset in Guyana, is expected to extend into the fourth quarter, delaying the FTC’s review by several months, reported Bloomberg.
The FTC plans to ...